For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
The next estate and trust project out of the gate for the Treasury Department will be final rules on basis of interests in charitable remainder trusts under tax code Section 1014, Catherine Hughes, Treasury estate and gift tax attorney-adviser, said.
In proposed rules (REG-154890-03) issued in January, the Internal Revenue Service said that the basis in these cases will be reduced by the portion of the sum of the undistributed amount of net ordinary income described in Section 664(b)(1) and the amount of undistributed net capital gain described in Section 664(b)(2) (12 DTR G-1, 1/17/14).
The IRS and Treasury have become aware of transactions in which sale or other disposition of all interests in a CRT subsequent to the contribution of appreciated assets to and their reinvestment by, the CRT results in the grantor or taxable beneficiary receiving the value of the beneficiary's trust interest while claiming to recognize little or no gain. Some of the transactions have been designated transactions of interest to the government.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)